会计学专业外文翻译--中小型企业融资决策（可编辑）.doc

会计学专业外文翻译--中小型企业融资决策 Small and Medium Enterprises financing decision 企业的产生、生存及发展均离不开与融资活动。 Business generation, survival and development are inseparable from the investment and financing activities. 随着我国加入WTO 组织,市场体制的逐步完善, 市场的快速发展,投资与融资效率也越来越成为企业发展的关键。 With Chinas accession to WTO organization, the market economy system, the gradual improvement of the financial markets, rapid development, investment and financing efficiency is increasingly becoming the key to the development of enterprises. 对于中小型企业而言,应要根据自身发展需求,认真考虑如何选择自己需要和适合自己发展阶段的融资方式以及各种融资方式的利用时机、条件、成本和风险,确定合适的融资规模以及制定最佳融资期限等问题。 For the small and medium enterprises, according to their own development needs should seriously consider how to select their own needs and suited to their stage of development financing, as well as a variety of financing the use of timing, conditions, costs and risks, determine the appropriate size of the financing and the development of the best financing periods. 要解决这些问题,需要中小型企业制定适当的融资策略,以作出最优化的融资决策。 To solve these problems, small and medium enterprises need to develop appropriate financing strategies in order to make the most optimal financing decision 一、企业融资决策概述 First, an overview of corporate finance decision-making 一企业融资决策概述 A an overview of corporate finance decision-making 企业融资决策,是企业根据其价值创造目标需要,利用一定时机与渠道,采取经济有效的融资工具,为筹集所需资金的一种市场行为。 Corporate finance decision-making, is the enterprise value creation objectives in accordance with its needs, the use of a certain timing and channels to take cost-effective financing tool for companies to raise the funds needed for a market behavior. 它不仅改变了公司的资产负债结构,而且影响了企业内部 、经营业绩、可持续发展及价值增长。 It not only changed the structure of the companys assets and liabilities, but also affected the internal management, business performance, sustainable development and value growth. 典型的融资决策包括出售何种和股权(融资方式)、如何确定所要出售债务和股权的价值(融资成本)、何时出售些债务和股权(融资时机)等等。 A typical decision-making including the sale of what kind of financing of debt and equity financing, how